Following AIP-21, BAYC & MAYC users can commit their NFTs with $APE token and stake them to earn $APE.
Uniquely, this service is offered free of charge to all JPEG depositors.
BAYC and MAYC owners can use their NFTs on JPEG'd as collateral AND commit them to the $APE staking program. Bored Ape Yacht Club and Mutant Ape Yacht Club holders can additionally stake with ApeCoin and Bored Ape Kennel Club NFTs to earn more rewards from Yuga Labs.
In case of liquidation of a BAYC or MAYC while on staking in the APECoin program, the $APE tokens deposited, the rewards and the paired BAKC will get sent automatically back to the depositors. The former owner will stop earning rewards.
When withdrawing a BAYC/MAYC from the JPEG'd vaults, after having repaid all debt, the $APE tokens deposited, the rewards and the paired BAKC will get sent automatically back to the depositors. Withdrawing from the vaults will also stops any more rewards from being earned.
Yes, JPEG'd allows you to make your BAYC and MAYC work even harder for you, while you're sipping margaritas.
Open an active BAYC position on JPEG'd and click Commit BAYC.
Confirm the amount of $APE token to deposit.
Your BAYC and APE are now staked and earning APE rewards.
Open a position with staking active and click the Manage BAYC button
The Manage Modal allows users to deposit, withdraw, claim rewards and update the amount of APE they have in deposit
It is also possible to pair a BAKC to earn extra yield. This is also doable while the NFT is on a position on JPEG'd.
Click Manage BAKC
If you have BAKCs in your wallet they will show and you can select which BAKC to pair with your commited BAYC.
Once paired, you can at all times manage the pared BAKC by clicking the Manage BAKC button and using the following modal: